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- CODE OF ORDINANCES Title X. - IMPACT FEES CHAPTER 1000. PURPOSE AND INTENT (G) A parks and recreation facilities impact fee trust fund. Funds withdrawn from this account must be used in accordance with the provisions of section 1008.04 (H) A public education facilities impact fee trust fund. Funds withdrawn from this account must be used in accordance with the provisions of section 1009.04 (1) A Traffic impact fee trust fund. Funds withdrawn from this account must be used in accordance with the provisions of section 1010.05 (J) An administrative charge trust fund. Funds withdrawn from this account must be used in accordance with the provisions of section 1000.11 (2) All funds collected shall be properly identified and promptly transferred to the county for deposit in the designated impact fee trust fund, to be held in the account as indicated in section 1000.11 and used solely for the purposes specified in this title. (Ord. No. 2005-015, 5-17-05) Section 1000.11. Use of funds. (1) All funds collected from the impact fees set forth in this title shall be used for the purpose of constructing or acquiring capital improvements to emergency services facilities, correctional facilities, public buildings, law enforcement facilities, library facilities, solid waste facilities, park and recreation facilities, public education facilities and traffic facilities in the county under the jurisdiction of the Indian River Board of County Commissioners, and not for maintenance or operations. Such construction, acquisitions and improvements shall be the type as are made necessary by new growth and development in the county. (2) Funds shall be used exclusively for capital improvements within Indian River County. Funds shall be expended in the order in which they are collected. (3) In addition to the impact fees assessed by this title, the feepayer shall pay an administrative charge equal to three (3) percent of the impact fees assessed by the county or by the participating municipality in order to off -set the cost of administering the impact fee program. (4) Each participating municipality shall be entitled to retain two (2) percent of the funds collected under this title to compensate them for the administrative expense of administering this title. ;Ord. No 2005-015, 5-17-05) Section 1000.12. Donations in lieu of payment. (1) In lieu of a feepayer paying all or part of the impact fees assessed in this title, the county administrator may accept an offer by a feepayer to donate land or construct all or part of a capital improvements project shown in the adopted—county's adopted capital improvements program, the m r�isipa� metropolitan planning organization's twenty year long range transportation plan, the school board's educational facilities plan or adopted municipal capital improvement program. This offer shall not include the construction of any site -related improvements. Such construction must comply with all applicable building standards and be approved in advance by the county administrator. In making such an offer, the feepayer shall submit a project description in sufficient detail, including competitive bids if so requested, to allow the county administrator to establish an engineering and construction cost estimate. The county administrator shall credit this estimated cost or the actual cost of this construction, whichever is lower, against the impact fees otherwise due. The offer shall not constitute payment of the impact fees unless and until it is accepted by the county administrator and the feepayer has dedicated or conveyed any and all land pursuant to the offer as accepted and has posted security, Updates are shown with s*.;I(e t49wg4s and underlines. Strike -through wording will be deleted from the ordinance, underlined wording will be added. Indian River County, Florida, Code of Ordinances Page 8